KR1 October Update 🦄

Web3: Why do we need it?

KR1 is a UK public company trading on the London NEX public market focused on investing and supporting blockchain and decentralised technologies called ‘Web3’. We have been an early investor and supporter of many key Web3 projects.

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1,2,3!

Internet History

The nineties first gave us the World Wide Web, “Web 1.0”, and offered us poor pot holed roads on the “information superhighway”, which meant only limited text heavy places to visit such as Yahoo directory pages, AOL and Geocities… all of this happened in cars (modems) that were very, very slow.

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Web 1 was basic but free.
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Web 2 was colorful but came at a cost
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Web 3 is a world of new (secure) possibilities

Web3 Summit in Berlin

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Web3 Summit
Gavin’s Substrate presentation and live-coding session
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Dillon and Raymond from Edgwa.re
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Rebecca, Tamlyn and Chris from Team Vega demoing at the Web 3 breakout room.

Vo1t Investment Update

We are very excited to announce that Vo1t, a institutional digital asset custodian and portfolio company of ours, has completed a successful fundraising round at a post-money valuation of USD $17 million. The funding round saw participation from a highly regarded family office and strategic individuals in the digital asset and traditional financial industry. We are especially thrilled as we seed funded Vo1t early in their cycle as pure equity investment, not tokens as we normally do.

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Forbes Vo1t article

David Allen, the chief operating officer of Equity Trust, an IRA and 401(k) provider with $12 billion under management, confirmed to Forbes that it stores its crypto holdings with Vo1t.

“Vo1t have the technology, speed and security to keep our clients’ digital assets safe and the ability to quickly withdraw and convert back to cash when they need,” he said.

Some of the investor community are just picking up how much of big deal this is. The bigger the space grows the more valuable Vo1t gets.

Ethereum Devcon 4 ‎️‍🌈

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The biggest Devcon to date!
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Vitalik relives the Devcon 2 Shanghai DOS attacks
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Ethereum keeps growing …

Devcon 4 KR1 Portfolio Highlights

Argent 👍

KR1 seed funded wallet project Argent that won the Devcon user experience (UX) prize!

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Melon 🚀

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A front end showing the Melon protocol at work
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Jenna on how Melon goes fully decentralised in February 2019

Flying Carpet 🎺

It’s great to see that Julien Bouteloup and crew have pivoted their way into something that looks highly valuable for data scientists, allowing them to get rewarded for making useful data models.

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Julien’s jacket crossing the bridge in Prague heading to Devcon4
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Flying Carpet website

Offsite at Devcon4: Chainspace 🔔

Ten minutes away from Devcon there was presentation of Chainspace with co-founder George Danezis giving a quite brilliant presentation of the new project Chainspace, a planetary scale new smart contact platform.

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George introducing Chainspace
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Huge throughput — up to 500k Transactions per second in its current iteration
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Devs can use their own language which then gets compiled onto the blockchain
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“We are already live with half of the major core areas”

CoinFund’s meetup

Shoutout to our good friends at CoinFund and Cambrial for a great meetup around Devcon featuring some staking talk. Panel featuring (KR1 seed funded) Rocketpool!

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CoinFund and Cambrial Staking Meetup

Out and About

Bpifrance Inno Génération in Paris

Janos gave a dynamic talk and primer on decentralized technologies to eager listeners at the vast Bpifrance Inno Génération conference in Paris, organized by France’s Banque publique d’investissement.

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Janos Berghorn on decentralized technologies in front of the French technology and VC crowd in Paris!
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Janos Berghorn and the Paris crowd.
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Bpifrance Inno Génération event, massive!

Bitmeet London

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In the Press

Web3 Summit

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Keld Live on air with OST

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Keld on OST LIVE chatting about Investing in Early Stage Decentralized and Open Source Blockchain Projects

Catch us at

Cambridge University: Blockchain Meetup

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Justin Drake on stage at Devcon 4 just last week, next week on stage with KR1 George at Cambridge University

CV Summit in Zug

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VC in a decentralized world panel

Grincon0

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Hey Grin!
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Written by

KR1 plc is Europe's leading publicly listed investment company focused on blockchain and decentralised technologies (KR1:AQSE). KR1 was founded in March 2016.